Kategorie: Crypto Markets

• Grayscale has removed Cardano (ADA) from its Digital Large Cap Fund following a quarterly rebalancing.
• The asset manager also removed Cosmos (ATOM) from its smart contracts fund.

Crypto asset manager Grayscale provides quarterly updates for its multi-asset funds Grayscale Digital Large Cap Fund, Grayscale DeFi Fund, and the Grayscale Smart Contract Platform Ex-Ethereum Fund.

In its latest report, the GBTC issuer said it adjusted the GDLC’s portfolio to remove Cardano (ADA).

The company noted that cash proceeds from ADA were used to purchase other assets in the fund “in proportion to their respective weightings.”

After these changes, the GDLC now holds 70.96% Bitcoin (BTC), 21.84% Ethereum (ETH), 4.52% Solana (SOL), 1.73% XRP and 0.95% Avalanche (AVAX).

Grayscale also rebalanced its smart contract platform fund after dropping Cosmos (ATOM). Notably, Cardano remains part of this fund.

According to details shared in a press release, the fund now holds 58.41% Solana (SOL), 14.56% Cardano (ADA), 12.25% Avalanche (AVAX), 8.53% Polkadot (DOT), and 6.25% Polygon (MATIC).

Meanwhile, Grayscale’s DeFi Fund remained unchanged with Uniswap (UNI) accounting for 48.74%, MakerDAO (MKR) 20.41%, Lido (LDO) 13.17%, Aave (AAVE) 9.99% and Synthetix (SNX) 7.69%.

ADA price outlook

Cardano’s current price of $0.57 is down more than 81% since the cryptocurrency reached a high of $3.09 amid a stellar 2021 bull market performance.

This cycle, ADA has struggled to break to $1. The token reached highs of $0.78 in mid-March as top coin Bitcoin raced to a new all-time high above $73k. Ethereum also broke above $4,000 to come close to its previous bull market peak.

ADA’s struggles have pushed its market cap from highs of $95 billion in September 2021 to around $20 billion.

The post Grayscale drops Cardano (ADA) from its digital large cap fund appeared first on CoinJournal.

• Choise.com offers a comprehensive suite of cryptocurrency banking products.
• Choise.com has overhauled the CHO tokenomics and made a bold expansion into the B2B domain.
• In its B2B expansion, Choise.com has integrated with Vault to form the Choise.ai ecosystem.

Choise.com, a leading crypto banking platform, is making waves with revolutionary updates to its tokenomics and strategic expansion into the B2B sector.

This comprehensive overview explores Choise.com’s recent developments, key features, regulatory compliance, and recent developments, shedding light on its pioneering role in crypto payments and its visionary founder, Vladimir Gorbunov.

Choise.com origins and evolution

Established in 2017 as Crypterium and rebranded to Choise.com in 2022, Choise.com has swiftly evolved into a comprehensive platform offering a broad suite of digital/crypto banking products.

From buying, exchanging, and transferring cryptocurrency to issuing crypto cards and facilitating crypto-related bank accounts, Choise.com provides a seamless crypto-fiat infrastructure for users worldwide.

Choise.com’s founder and team

At the helm of Choise.com is the founder, Vladimir Gorbunov, who is a seasoned entrepreneur and industry expert with seven years of experience in developing digital/crypto banking solutions.

Gorbunov’s leadership and expertise have been instrumental in guiding Choise.com through its evolution, positioning the platform as a trailblazer in the ever-evolving landscape of digital finance.

Moreover, Choise.com prides itself on maintaining a transparent and accessible team, with Gorbunov and other key members regularly sharing insights and perspectives on industry developments.

Choise.com features

With over 1 million clients across 170 countries, Choise.com has established itself as a global leader in the cryptocurrency banking space. Its platform boasts a range of features designed to cater to the diverse needs of crypto enthusiasts, including high-yield savings accounts, liquidity pools, and innovative financial products.

Choise.com has played a pioneering role in the adoption of cryptocurrency payments, being among the first companies to offer crypto cards as early as 2019.

Initially partnering with UnionPay and later integrating with Visa, Choise.com has been at the forefront of enabling seamless crypto transactions for its users.

Additionally, it has integrated Apple Pay and Google Pay on its platform to enhance convenience and accessibility.

The team also recently unveiled its new state-of-the-art, crypto-powered Mastercard debit cards integrated with popular digital wallets like Apple Pay and Google Pay.

Central to the Choise.com ecosystem is the CHO token, facilitating various functionalities and incentivizing user engagement. The CHO token serves as a fundamental component of the platform’s operations and utility. It represents a means of value exchange within the Choise.ai ecosystem, facilitating various transactions and interactions among users and services.

Initially introduced as part of Choise.com’s tokenomics upgrade, the CHO token plays a pivotal role in incentivizing user participation and engagement.

Holders of the CHO token gain access to exclusive benefits and features within the platform and the wider Choise.ai ecosystem, further enhancing its value proposition.

Regulatory compliance and security

As an FCA-registered company, Choise.com prioritizes regulatory compliance and security.

This commitment to compliance ensures that users can transact on the platform with confidence, knowing that their assets are protected by robust security measures and regulatory oversight.

Choise.com’s expansion into the B2B sector

Choise.com’s recent foray into the business-to-business (B2B) realm marks a significant strategic move aimed at unlocking new avenues of growth and profitability.

Central to this expansion is the introduction of Vault, a revolutionary product designed to cater to the needs of institutional clients seeking exposure to the cryptocurrency market.

Vault’s profitability projections and innovative features position it as a game-changer in the realm of institutional crypto banking, offering lucrative opportunities for clients seeking to capitalize on the digital asset revolution.

According to a recent announcement, Choise.com integrated its platform’s offerings with Vaults’s innovative solutions forming a game-changing ecosystem dubbed the Choise.ai ecosystem.

The Choise.ai ecosystem

Choise.ai represents the culmination of Choise.com’s evolution, serving as a groundbreaking ecosystem that seamlessly integrates the platform’s offerings with Vault’s innovative solutions.

By merging Choise.com and Vault into a cohesive ecosystem, Choise.ai aims to leverage the strengths of both platforms to deliver unparalleled value to users and stakeholders alike.

The ecosystem focuses on B2B expansion and offers new revenue opportunities for CHO holders.

Notably, CHO token holders can stake tokens and earn a share of Vault’s revenue, further enhancing the utility and value proposition of the CHO token within the ecosystem.

Through token staking, CHO holders can earn up to 20% of Vault’s revenue, providing them with a direct share of the profits generated by institutional clients utilizing Vault’s services. This innovative mechanism not only incentivizes token holders to stake their CHO tokens but also aligns their interests with the success and growth of the Choise.com ecosystem.

Furthermore, the CHO token serves as a medium for governance within the Choise.ai ecosystem, allowing token holders to participate in decision-making processes and vote on key proposals or changes. This democratic approach empowers the community to shape the future direction of the platform, fostering a sense of ownership and involvement among stakeholders.

Conclusion

Choise.com’s recent developments in tokenomics and expansion into the B2B domain mark a significant milestone in the company’s journey.

With its comprehensive suite of digital/crypto banking products, commitment to regulatory compliance and security, and visionary leadership, Choise.com is well-positioned to thrive in the long term.

The post Choise.com expands into B2B creating revenue opportunities for CHO holders appeared first on CoinJournal.

FuturesAI, a newly launched crypto futures platform, is amplifying its commitment to its user community with the launch of a highly anticipated Referral Program.

This program allows users to earn rewards by spreading the word and inviting others to explore the world of AI-powered trading and community leverage.

To celebrate this exciting launch, FuturesAI is offering a limited-time Deposit Bonus for new users joining the platform during the opening weekend.

FuturesAI Introduces Referral Program to Empower Users to Earn While They Trade

FuturesAI, a cutting-edge platform for trading cryptocurrency futures, is taking its commitment to the user community a step further with the rollout of an exciting Referral Program.

This innovative program allows users to reap rewards by spreading the word and inviting others to experience the advantages of AI-driven trading and community-based leverage.

This exciting announcement arrives shortly after the significant launch of the $FAI token, which stands as a remarkable milestone for FuturesAI.

If before, starting the crypto futures journey could have felt overwhelming, now, FuturesAI offers a helping hand! When any user signs up with a valid referral code, he’ll receive a 25% discount on trading fees. This jumpstart allows the user to explore the platform and its potential for profit at a reduced cost.

Moreover, FuturesAI values its existing user base and seeks to incentivize active community participation. The Referral Program empowers current users to become brand ambassadors by offering a 5% commission on the trading fees generated by any new user they refer. This commission applies for the lifetime of the referred user’s activity on the platform, creating a potential for a stable and long-term passive income stream.

Furthermore, a tiered commission structure allows rewards to scale, with a maximum cap of 20% achievable by referring a substantial number of new users.

And that’s not all. As transparency is key at FuturesAI, they provide a dedicated dashboard for all users participating in the Referral Program. This dashboard offers a clear overview of your referral statistics and accumulated earnings. Track the progress as you refer new users and see how much income you’ve generated.

Even better, claim your earnings weekly in Ethereum (ETH), the world’s second-largest cryptocurrency.

An Exclusive Deposit Bonus is Available This Weekend to Celebrate the Milestone

To mark the exciting launch of the Referral Program, FuturesAI is offering a special treat for all new users joining their platform this opening weekend (March 5th – March 7th)!

When a user makes their first deposit on FuturesAI, they will receive a 10% bonus on top of their deposited amount. This is a fantastic opportunity to increase the starting capital and unlock the full potential of AI-powered crypto futures trading.

To claim this exciting Deposit Bonus, users must ensure they haven’t made any previous deposits on FuturesAI. Additionally, they’ll need to use a valid referral code during signup.

There’s no minimum deposit required to participate, making this bonus accessible to everyone. However, there’s a maximum bonus amount capped at 1 ETH.

Please be aware that the bonus balance you receive is not directly withdrawable. It cannot be converted into collateral balance either. This bonus is intended to enhance the trading activities within the FuturesAI platform.

About FuturesAI

FuturesAI is a pioneering force in the cryptocurrency futures trading ecosystem, offering a complete platform designed to democratize and enhance trading experiences for individuals worldwide.
Leveraging state-of-the-art technologies and innovative strategies, FuturesAI provides users with a unique opportunity to delve into the world of futures trading with confidence and ease.

At the heart of its offering is a groundbreaking “community-enabled leverage” system, empowering users to optimize their trades and unlock greater profit potential.

Developed by a dedicated team of industry-leading engineers, FuturesAI harnesses the power of Dynamic-Point Python web technology to deliver a seamless and efficient trading experience.
With FuturesAI, users can navigate the intricacies of financial markets with confidence, enjoying unparalleled accessibility, convenience, and opportunity for growth.

Learn More

To stay informed about the latest developments and updates from FuturesAI, visit its official website. Additionally, you can stay connected with the project through social media platforms like X (Twitter) and Telegram.

The post FuturesAI Launches Referral Program with Exclusive Deposit Bonus appeared first on CoinJournal.

• Crypto.com and Adelaide Oval have integrated to enable the first ever crypto payments at an Australian stadium.
• Users will pay with crypto via Crypto.com Pay, with a AUD$10 cashback for first 1,000 transactions.
• The partnership also involves payments terminals provider DataMesh

Crypto.com has announced a major partnership with Adelaide Oval, one of the top sporting grounds in Australia.

According to details in a news release today, Crypto.com and Adelaide Oval have integrated to bring the first-ever crypto payments at a major stadium in Australia.

Oval is the home of Australian Rules football club Adelaide Crows.

Sports fans to pay via Crypto.com Pay at Adelaide Oval

In the announcement on Thursday, Crypto.com said its partnership with Adelaide Oval also includes DataMesh, a leading payments terminal provider.

The collaboration will see sports fans and concert-goers in the country pay with crypto at food and drinks outlets in the stadium. Customers will pay via Crypto.com Pay, the exchange’s payment solution that supports multiple cryptocurrencies.

Access to these services will be available starting April 4 at the AFL’s Gather Round.

The first 1,000 transactions during the event will receive a cashback of AUD$10, while more incentives will roll out during the 2024 Toyota AFL Premiership Season. 

Promotions will also target Adelaide Crows’ home games, Crypto.com announced.

“The payment technology we are introducing at Adelaide Oval is user-friendly for both the merchant and customer and extremely scalable, and we see a lot of promise for future integrations like this,” Karl Mohan, Crypto.com’s General Manager for APAC, said in a statement.

DataMesh CEO Mark Nagy said the launch of pay with crypto at Adelaide Oval is part of the company’s mission to “dismantle the barriers” that hinder crypto adoption.

Bridging the gap between traditional and digital payments empowers consumers, unlocking new payment options for users, Nagy noted.

The partnership with Adelaide Oval follows Crypto.com’s collaboration with Datamesh and OTR to debut the first in-store crypto payments system in Australia. 

This service is available at over 440 Peregrine retail outlets in Victoria, South Australia and Western Australia.

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• Social Network has announced its mainnet launch, scheduled for April 22.
• The fair launch will also include a gamified “touch grass” NFT experience for participants.

Social Network, a Bitcoin staking Layer-2 solution, has announced the launch of its mainnet as it seeks to add to Bitcoin’s scalability.

The platform’s mainnet launch is set for April 22, and will herald the start of a new incentive model for the burgeoning economy on the world’s largest blockchain network.

Social Network’s fair launch to include gamified experience

According to details shared with CoinJournal, Social Network’s launch comes after the team recently finalized a key milestone. This involved the launch of 369 Regens on Bitcoin’s block 9, a block that BTC creator Satoshi Nakamoto mined in 2009.

Social Network opened early access to the fair launch to more than 10,000 testnet contributors and the 369 Bitcoin Regen holders on April 1. The project will expand this to the public on April 14.

“Social Network represents a significant leap forward for Bitcoin, making it more accessible, efficient, and beneficial to the environment,” said Sukhveer Sanghera, Founder and CEO of Earth Wallet and Core Contributor to Social Network.

“We are excited to invite early adopters to join us on this journey to unlock Bitcoin as a utility for Earth scale regeneration, and experience the benefits firsthand,” Sanghera added.

As well as the fair launch, Social Network has revealed plans for an NFT experience for users.

While the platform looks to bolster decentralized access to staking rewards on Bitcoin, the Pokemon Go-like offering is designed to provide a gamified experience for participants.

The target, according to the team, is to promote both a fair global distribution as well as align the ecosystem with its sustainability goals.

“The gamification aspect of Social Network’s fair launch is a unique and engaging way to encourage people to explore the outdoors and reconnect with nature,” Elizabeth Tan, a Social Network contributor said.

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